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The World Cup in Qatar… Expectations of big financial income

Talking about expected record receipts from the World Cup in Qatar tends to overshadow the controversies that accompanied the assignment of the organization of the tournament to Doha due to the accusations made against him in the matter of human rights.

agency quotes”bloombergThe source, who asked not to be identified due to the confidentiality of the information, said the tournament, which kicks off on November 20, is on track to bring in revenues of more than $5.4 billion earned by the International Federation “FIFA” from the version staged in Russia in 2018.

The source told the agency that FIFA has already sold the broadcasting rights, some 240,000 hospitality packages and nearly three million tickets for the event. Adding that marketing sales will exceed a budgeted figure of approximately $1.8 billion.

The World Cup is sponsored by major brands including Adidas and Coca-Cola.

The increase in revenue comes despite concerns that some fans and sponsors will boycott the event, due to Qatar’s treatment of migrant workers who have helped build stadiums and the infrastructure needed to stage the world’s biggest sporting event.

FIFA is expected to exceed its $6.4 billion revenue target for its 2019-2022 cycle, most of which comes from the World Cup, and the body uses this money to organize tournaments for men’s and women’s matches as well as at the youth level, and to develop the sport through its 211 member associations, the source told the agency.

Qatar expects its revenues to reach $17 billion, which is lower than expected due to the high price crisis affecting the world, forcing fans to spend less than expected.

The organizers of the 2022 World Cup in Qatar, which will take place from November 20 to December 18, denied on Thursday what they said in a report by a British non-governmental organization on “discrimination and exploitation” in the construction sites of the World Cup stadiums, which relied on testimonies of about sixty workers.

Qatar has been criticized for its treatment of migrant workers, especially in the construction sector, despite its “reforms” according to what “Equidem” recognizes, above all by setting a minimum wage of around 207 euros a month and reducing the sponsorship system that it prevented employees from leaving the country or changing jobs without their employer’s permission.

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